Insights / Category

Options

Options mechanics, Greeks, dealer positioning, and flow.

Gamma Exposure (GEX): Why the Market Pins Some Days and Rips Others

How dealer gamma hedging shapes intraday price action, with a focus on 0DTE SPX.

Delta Exposure (DEX): Which Way the Tape Leans

Why net dealer delta sets the path of least resistance for spot.

Charm Exposure (CHEX): The Hidden End-of-Day Pin

Aggregate charm-driven dealer rebalancing that quietly pins price into the close.

Vanna Exposure (VEX): When Volatility Moves the Tape

How a shift in implied vol forces dealers to re-hedge spot, aggregated across the chain.

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